Coinbase price target lowered to $212 from $220 at Barclays

Barclays lowered the firm’s price target on Coinbase (COIN) to $212 from $220 and keeps an Equal Weight rating on the shares as part of a Q4 earnings preview. Volumes increased materially following the U.S. election and remained at a higher level in December, the analyst tells investors in a research note. Whoever, volumes have pulled back into January, however, making fiscal 2025 “harder to forecast,” contends the firm.